Egypt’s PM reviews public investment governance

Egypt’s Prime Minister Moustafa Madbouly held a meeting with the public investment governance committee to review state-owned entities’ adherence to investment commitments, as per a Cabinet statement.

He emphasised that government agencies continue to adhere to the investment ceiling of one trillion Egyptian pounds in the 2024-2025 fiscal year as per Article 6 of Prime Minister Decree No. 739 of 2024, that stipulates that all state entities, economic bodies, public sector companies, and state-owned companies in which the government has over 50 per cent of its shares must submit a semi-annual report.

The report should include the scale and percentage of implementation compared to the targets for each period, and it must be presented to the Committee for the Governance of Total State Public Investments.

Attribution: Amwal Al Ghad English

Subediting: M. S. Salama